Annual Report 2018

Organization of CSR

At GrandVision, we believe in integrating CSR into our daily processes. Together with our local retail banners, we make a difference by ensuring that our key focus areas are tangible, visible and manageable.

Structure and responsibilities

GrandVision has a clear governance structure based on a two-tier board, consisting of a Management Board and a Supervisory Board.

The Management Board currently includes the CEO and the CFO, while the Supervisory Board consists of five Supervisory Directors. The Management Board is responsible for achieving GrandVision’s objectives, including those related to the areas of strategy, policy, quality and sustainability, as well as the day-to-day operations of the company. In performing its duties, the Management Board is guided by the interests of GrandVision and its stakeholders. The Management Board has the overall responsibility for CSR. It determines the company’s strategy and sets targets and monitors our CSR performance.

A CSR Steering Committee advises the Management Board on strategy developments, monitors the integration of CSR into management processes and oversees the company’s CSR targets and overall performance. The Committee is chaired by GrandVision’s CFO and includes representatives from Investor Relations and Communications, Supply Chain, Operations, HR, and Finance. It maintains an external perspective and regularly reviews input from value chain partners and other stakeholders.